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Research partnership to examine how fraudsters abuse fintech innovations

Research partnership to examine how fraudsters abuse fintech innovations
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AE, MLO Jobs; Ignite, Servicing, MIP Tools; Industry Weighs in on Disclosure Process for Juneteenth

AE, MLO Jobs; Ignite, Servicing, MIP Tools; Industry Weighs in on Disclosure Process for Juneteenth
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VULNERABLE: Entire Federal Reserve payment system crashed due to operational error

https://www.afinalwarning.com/499945.html (Natural News) The nation’s financial system came to a halt the other day after the Federal Reserve’s payment platform suffered a more than three-hour outage. Used to execute more than $3 trillion in daily transactions, the system experienced an “operational error” that left banks and other financial institutions with no way to transact paychecks, tax refunds or bill payments. All Federal Reserve settlement services – the backbone of the U.S. banking and financial sector – were disrupted by the outage. These include Fedwire and FedACH. It is unclear how the outage affected consumer banking services.

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federal reserve: Fed outage raises questions on Wall Street as services restored

The Feds system has suffered problems before. In 2019, the FedWire interbank funds transfer service went down for about three hours. The Fed blamed the outage on “an internal technical issue,” but declined to provide more details.

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Fed Investigating Massive Outage Of Its Interbank Payment System

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